U.S. Congress returns as GENIUS comments periods close, jobs report: Crypto Week Ahead
The post U.S. Congress returns as GENIUS comments periods close, jobs report: Crypto Week Ahead appeared on BitcoinEthereumNews.com. The first week of June may turn crypto’s 2025 policy wins into hard deadlines. Comment periods for the GENIUS Act’s stablecoin rules start closing this week, reaching the point where a federal framework stops being statute and becomes the operating rules issuers have to build to. What gets settled in those windows decides who can issue, what reserves they hold and whether yield survives. Banks have spent the past few months pushing to slow the rollout, a fight over yield-bearing stablecoins that has already stalled the Clarity Act for months. The Senate floor opens June 3 to try again. The value of stablecoins in circulation, which Samara Cohen, BlackRock’s global head of market development, called the “bridge between traditional finance and digital liquidity,” has kept rising and hit a record $322 billion in late May. The ECB is now warning these instrum